Golden Arrow Resources Corp (TSX-V:GRG) said its Puna Operations joint venture has received environmental approval in Argentina.
Chief executive Joseph Gross said the environmental impact assessment permit paves the way to extra Chinchillas ore integration with the Pirquitas mill for processing in 2018.
“2017 has been a significant year that saw the combination of assets that has decades of production potential,” he said.
“Additionally, as a second shareholder value stream, Golden Arrow will continue exploration on the permitted Antofalla Project, a Chinchillas-like project, and on Pescado – all funded by new risk capital through New Golden Explorations Inc.”
Development activities will begin with the first ore feed to the Pirquitas mill expected in the second half of 2018.
Priorities for development activities include initiating the earthworks projects at Chinchillas, releasing construction contracts and starting construction activities at Pirquitas, as well as pioneering works for pre-stripping at the Chinchillas deposit.
Puna Operations is a joint venture of the Pirquitas property and the Chinchillas property, owned 25% by Golden Arrow.
Chinchillas is a silver-lead-zinc deposit located about 42 kilometers by road from the Pirquitas property.